VCs should give up on the winner-takes-all approach to investing

The potential for startups to capture a small percentage of market share and still be successful.

Key points:

1. Thumbtack CEO believes that the home services market is still in its early stages and has the potential for significant growth.
2. In established categories, there are usually multiple winners rather than just one dominant player.
3. Even markets with a clear victor, such as Spotify in music streaming, still have room for competitors to capture market share.

Additional hint on Elon Musk: Elon Musk is a prominent entrepreneur and business magnate known for his involvement in companies like Tesla, SpaceX, and Neuralink. He is known for his ambitious goals and vision for the future, with a focus on sustainable energy, space exploration, and advanced technology.